Limited

Long-term perspective One of the advantages of being a private firm is that the firm only has to disclose limited information about its operations. Blackstone operates its investment on a long-term basis why the firm has a lot of variability in its earnings. As an example, a fund usually has a return that can be visualized in a “J-curve”, meaning that the fund…

of different accounting period. However, a change in accounting policy may be necessary to enhance the relevance and reliability of information contained in the financial statement. In the case of the Woolworths Limited’s annual report, Woolworths limited was adopted a new accounting standards of AASB 119 ‘ Employee Benefit (2011) and AASB 2011-10 ‘Amendments to Australian Accounting Standard arising from AASB 119’. This standards changes the accounting for defined benefit obligations and plan…

Due to the overwhelming response to his leather business he decided to convert his business into Limited Company- Solomon & Co. Ltd. The company consisted of Solomon, his wife and five of his children as members. The business of Solomon for £39,000 was purchased by the company, the purchase consideration was paid in terms of £10,000 debentures creating…

member with full responsibility. There may be members of the limited partnership with limited liability. The profits are distributed according to the percentage of ownership. Tom and Bill hardware store is an example of partnership. If the same man slips fall in advertising on the saw Tom and Bill hardware store, both of which are fully responsible for the damage. However, if they are of limited partnership, then Tom only responsible. In a limited partnership, it makes sense for the owner to…

Case Activities 3 Discharge in Bankruptcy In this case, Joseph Harman, the president of Carter Oaks Crossing was loaned $400,000 by Caroline McAfee. Harman signed a promissory note that specified the company would repay the amount of the loan with interest in installments in which the installments would begin in 1999 and end in 2006. Harman signed a personal guaranty with the promissory note. Carter Oaks Crossing eventually defaulted on the note causing McAfee to sue Harman for payment under…

Roetzel & Andress, L.P.A., 2009-Ohio-2728 -- Limited Partnership The law firm Roetzel & Andress (R&A) represented Schneider personally, not her companies. R&A told Schneider, who is the majority shareholder of the numerous companies, to stop selling unregistered notes. Schneider ignored and continued…

Trial Courts of Limited Jurisdiction: This court is in the lowest level of the judicial system. These courts are only authorized to hear specified types of cases such as marriage, divorce, alimony, adoption, emancipation, juvenile offenses, misdemeanors, traffic violations, small claims, inheritance, and estate settlements. This type of court goes by different names such as Justice of the Peace Courts, Municipal Courts, Constitutional County Courts, County Courts at Law, and Statutory Probate…

5. Recommendations for Mehta: Mehta is the only person who has connection with both the groups such as the Bonazzi and Indo group. Mehta being the CEO of Bonazzi is appointed for a purpose. He should understand the Indo group and share his views to the Bonazzi Goup and vice-versa. He can think from both their views and make the best decisions. HE should create, communicate and execute a clear vision, strategies and goals so that the future of the Joint Venture is bright. He also should make…

In 2014, and the year I was fourteen years old, coincidentally, I went on a long trip out of the country. I visited four countries if I remember. It was England, Netherlands, France, and India. Some of this trip was for tourism purposes and some of it was just for meeting family and having a great time. So the first place I went to was London, England. I remember arriving into London Heathrow Airport and having such a great feeling of excitement. It’s been such a long time since I visited London…

Most of the challenges in organizations today emanate from strategic planning. This presents the organizations with a dilemma on whether to do strategic planning internally or to hire an outside consultant to guide the organization through the in-house initiatives of planning. As such, organizations implement the balanced scorecard, BSC to drive performance thereby transforming the strategic objectives into a set of performance measures. Companies are widely applying the BSCs as tools for…